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April 2021 – Till date invested
– Only Durga Puja is worth 2.5% of Bengal’s GDP
Indian festivals such as Diwali, Holi, and Navaratri are major drivers of economic growth, with consumers spending billions of dollars on gifts, clothing, and special festive food items. According to a study by the Confederation of Indian Industry (CII), the Indian festival market is valued at $22 billion and is expected to grow at a CAGR of 15% over the next five years. Diwali alone is responsible for generating $3 billion in consumer spending. These festivals drive consumption and create employment opportunities in various sectors such as e-commerce, retail, logistics, and more.
According to Research commissioned by the British Council on behalf of the Department of Tourism, Government of West Bengal (Refer: British Council) Durga Puja is worth 2.5% of Bengal’s GDP, and only this single Puja economy in 2023 may expand by 20-30 pc.
Brief about MyMahotsav
MyMahotsav (My Mahotsav, Mahotsav in Hindi महोत्सव means Big Festivals). MyMahotsav venture unlocks the huge potential of the booming festival market with the right information and business.
As young and adult members of the Indian diaspora increase their disposable income, they are also spending more on festivals, fashion, and food. Our business is perfectly positioned to capitalize on this trend by offering a wide range of directory publications, information, products and services catering to the diverse needs of the Indian community during festivals and religious ceremonies, and also helping digitise one of the oldest, richest and vibrant institutions of the world the Temples.
MyMahotsav is a hi-tech company based in London. The team has created a buzz for being the most innovative social media platform, for information on temples, events, and festivals, amalgamating it with a highly evolved multi-vendor marketplace focusing on user experience and design-inspired. The team is busy rolling out the SAAS for digitising the temples.
The informal approach to the founding team
Extensive market research, feasibility study and technology fitment
Investment into MyMahotsav FutureTech Ltd. to own a significant share
Hiring new team and investing in digital marketplace technology .
Ongoing operations, marketing and expansion support with the team
The young and dynamic technology team was led by the founder and owner of MyMahotsav FutureTech Ltd. The company had a brilliant idea, the right marketplace and technology know-how. They needed solid support from a long-term investment partner, operational guidance and technology investment.
MavensWood partners provided the much-needed direction to expedite the technology product development, scope and sizing and launch into multiple markets.
MyMahotsav FutureTech Ltd:
Key Business Services
Local Temples Listing
World’s only business that lists local temples from around the world, including information on events, directions, and other details. It aims to connect people with their spiritual heritage and provide a comprehensive guide to temples worldwide. Learn More
Vibrant Social Media
Most innovative social media platforms focused on niche communities of vibrant faith and festivals, providing a space for people to share and connect over shared beliefs and celebrations. Learn More
A marketplace startup platform that helps vendors sell handmade and unique items required for Indian festivals. It connects artisans and craftspeople with customers looking for authentic and traditional festival items. Learn More
Digitizing Temple Operations
Digitize temples by providing them with software tools to manage their operations, followers, and donations. It aims to modernize temple management and improve the overall temple experience for devotees. Learn More
Groups and Forums
Features of creating groups, forums, and discussions. It provides a platform for users to connect with like-minded individuals, share ideas, and discuss common interests. Learn More
Events Hosting and Ticketing
Temples and individuals to host and sell tickets for festivals to a wide range of audiences, manage attendees and tickets for free or for a price. It aims to simplify the process of organizing and promoting festivals and increase attendance. Learn More
Users and temples can create crowdfunding campaigns and users to donate generously to meaningful causes. The campaign owner provides updates on projects and maintains transparency and trust and makes a positive impact in the world. Learn More
Astrology and Numerology
Provides users search for their astrology based on Indian mythology and horoscope, all for free. It provides personalised astrological predictions and guidance, drawing on traditional Indian astrology methods. Learn More
Community Supported Wiki
A powerful new way to help create a community-supported wiki to collect, capture, and share knowledge of traditions and culture, rituals, and heritage. It aims to preserve and promote cultural heritage and provide a resource for those interested in learning more. Learn More
Incredible Photos and Videos
A social media platform that engages users to share vibrant, user-generated images. It provides a space for people to share their experiences and connect with others through visual storytelling.
Photo and Shorts Contest
Advertisers create photo contests and award exciting prizes, and users participate in them. It allows businesses to engage with their customers and build brand awareness through user-generated content. Learn More
Guest Blogs and Articles
Allows guest blog submission. It provides a platform for writers to share their perspectives, ideas and knowledge on a wide range of topics and a way for a website to increase its content. Learn More